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Friday, April 20, 2018 20:2 GMT
On 4 April, Bahrain’s (B1 negative) oil minister Sheikh Mohammed bin Khalifa Al Khalifa announced the discovery of hydrocarbon deposits containing at least 80 billion barrels of tight oil and 10-20 Tscf of deep natural gas in a new offshore field off the west coast of Bahrain. The find, if verified by an international oil consortium as being technically and economically recoverable, could stimulate private investment in the country's energy sector in the near term, and in the medium term could...More